IT and technology
If your organisation is liable for Corporation Tax and it carries out research and development (R&D) that aims to bring some kind of scientific or technological advance, it may be able to claim R&D tax relief or tax credits. The rules regarding eligibility and the claim process can be complex, but we have worked with many clients in this area and helped them to access the money that is rightfully theirs.
The Patent Box is a Government initiative to encourage companies to invest in innovation by applying a 10% rate of corporation tax to any innovative, patented products that they have developed and to any new ones that they create. We can help you to determine whether your product is eligible for this reduced rate of tax, and assist with your claim.
We are the only IPSE Accredited Accountancy firm in Sheffield, which means that we have the necessary skills and knowledge to understand the specific requirements of freelance businesses. If you are a freelancer and feel the need for an accountant who can advise you on your individual tax situation, do not hesitate to give us a call and see how we can help you.